Document Type
Working Paper
Publication Date
12-3-2009
SSRN Discipline
Legal Scholarship Network; LSN Subject Matter eJournals; Tax Law & Policy eJournals; Law Research Centers Papers; Employment, Labor, Compensation & Pension Law eJournals
Abstract
The proposal would repeal special tax incentives given to employee stock ownership plans as well as the exemption granted to those plans from the investment diversification requirement of the ERISA The proposal is made as a part of the Shelf Project a collaboration among tax professionals to develop and perfect proposals to help Congress when it is ready to raise revenue Shelf Project proposals are intended to raise revenue without raising rates because the best systems have the lowest feasible tax rates and taxes that are unavoidable Shelf projects defend the tax base and improve the rationality and efficiency of the tax systemAlonger description of the Shelf Project is found at "˜"˜The Shelf Project RevenueRaising Proposals that Defend the Tax Base'' Tax Notes Dec 10 2007 p 1077 Doc 200722632 or 2007 TNT 23837Shelf Project proposals follow the format of a congressional tax committee report in explaining current law what is wrong with it and how to fix it
Recommended Citation
Andrew S. Morrison & Norman P. Stein,
Repeal Tax Incentives for Esops,
(2009).
Available at:
https://scholarship.law.ua.edu/fac_working_papers/154